June 14, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polymerization Initiator Market.
It was estimated prior to this unanticipated outbreak that the Polymerization Initiator Market is likely to witness a healthy CAGR of 5% during the forecast period. The surge in polymer production on account of increasing demand from various end-use industries, such as food processing, automotive, and building & construction is expected to drive the market.
Market Scope & Segmentation
Polymerization Initiators are utilized in radical polymerization in order to direct the initiation through light and heat. The initiator is expected to be soluble in the solvent and the decomposition temperature of the particular initiator should also be below, or at the boiling point of the solvent being used while performing polymerization.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as persulfate, peroxides, and aliphatic AZO compounds. Peroxides is expected to remain the most dominant type as it is used as an initiator for the radical polymerization process of monomers. The demand for organic peroxides is driven mainly by the growing demand from the coating, adhesives, and elastomer manufacturers with increase in consumption of these compounds in end-use sectors, such as automotive, electronics & electricals, construction, composites, and chemicals & plastic industries.
Based on the active species type, the polymerization initiator market is segmented as free-radical, cationic, and anionic. The wide use of free-radical polymerization for the thermal decomposition of molecules that contain weak bonds such as peroxides or aliphatic AZO compounds is driving the growth of the segment.
In terms of regions, Asia-Pacific is estimated to dominate the polymerization initiator market during the forecast period. The region has emerged as the largest consumer of these initiators owing to the increasing production of polymers in China, India, Japan, and Malaysia, among others. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Polymerization Initiator market are-
- Arkema S.A.
- LANXESS AG
- BASF SE
- Lyondellbasell Industries
- Celanese Corporation
- United Initiators
- Adeka Corporation
- Mitsubishi Gas Chemical Company
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polymerization Initiator analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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